Section 286: Obligation of Directors and Managers

This article focuses on the concept of the duty of director and manager to not be able to evade their unlimited liability in a limited liability company during the winding up procedure of the company under section 286 of the companies act, 2013.

Section 177: Audit Committee

This article discusses about the composition of the audit committee as well as the functions of the committee under section 177 of the companies act, 2013 along with the penalty for violation under section 178 of the companies act, 2013.

Section 18: Conversion of Companies Already Registered

This article explains the concept of conversion of one class of company into another class by way of amendment in Memorandum and Article of Association under section 18 of the companies act, 2013 which is to be complied with the rules mentioned under Company (Incorporation) Rules, 2014.

Section 33: Issue of Application Forms for Securities

This article focuses on the issuance of securities by company under section 33 of the companies act, 2013 along with certain requirements which are to be fulfilled under the SEBI Regulations 2019.

Section 195: Prohibition on Insider Trading of Securities

This article focuses on section 195 of the companies act, 2013 which enumerates the provision of insider trading which was considered to be an important part of 2013 act but has been omitted by way of 2017 amendment and is not a part of SEBI Regulation 2015.

Section: 188 Related Party Translation

This article discusses regarding the requirement of related party transactions, the conditions and disclosures that need to be adhered to by any company under section 188 of the company act, 2013 and also focuses on the latest amendments under the same.

Section 184: Disclosure of Interest by Directors

This article discusses regarding the duty on directors to disclose their interest in a contract at the board meeting under section 184 of the companies act, 2013. It enumerates the applicability of the same. It also focuses on amendments in the year 2017.

Section 180: Restriction on Power of Board

This article discusses about the restriction on the board of directors enumerated under section 180 of the companies act, 2013. It defines what will be considered temporary loans and also the provision related to penalty is explained under section 450 of the companies act, 2013. Certain amendments in the year 2017 have also been explained along with important judgments.

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